Prenatal and New-born Genetic Testing Market to surge at 11.8 % CAGR and Hit 7 Billion By 2024
Jan 8, 2019
Market Study Report Add New 2018-2024 Global Prenatal and New-born Genetic Testing Market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.
Selbyville, Delaware - January 8, 2019 /MarketersMedia/ —
Rising number of consanguineous relations in the developing countries of Asia and Middle East will foster growth opportunities for prenatal and newborn genetic testing market. The consanguineous relations are responsible for births of infants with defects and chromosomal abnormalities. Consequent, the increase in cases of live births diagnosed with birth defects will directly impact the growth of prenatal and new-born genetic testing market.
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Prenatal and New-born Genetic Testing Market will exceed USD 7 billion by 2024; as per a new research report. Technological advancement and several benefits associated with infant genetic testing will be major driver of the prenatal and new-born genetic testing market. Introduction of prenatal testing has led to substantial amount of increase in adoption rate of new testing technologies such as non-invasive prenatal testing (NIPT) for detection of sub chromosomal abnormalities, single-gene disorders and aneuploidy in North America region. Inclination towards minimally invasive infant genetic testing along with demand for early detection of birth defects will one of the major reason for market growth.
U.S. dominated the market in 2017 owing to ongoing technological advancements along with favorable reimbursement policies. The U.S. region had 99% of newborn screening rate and high awareness about prenatal and new-born genetic testing will be responsible for the market growth in U.S. Presence of technologically advanced and equipped manufacturing companies along with government initiatives supporting screening activities that will impel market growth.
Increasing prevalence of birth defects among the European population is one of the major reason for rising infant mortality. The necessary government initiatives in order to conduct prenatal and new-born genetic tests to diagnose the birth defects will increase the number of infant screening programs giving rise to market growth opportunities.
Screening technology holds majority of market share in the year 2017 owing to increasing number of screening procedures of pregnant women while delivery. The rise in awareness among the families regarding genetic birth defects and early detection of genetic disorder will augment the segment growth in the near future.
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Some of the major market players competing in global prenatal and newborn genetic testing market are Ariosa Diagnostics (Roche), Berry Genomics, BGI, Biorad, Illumina, Laboratory Corporation of America, Natera, Qiagen, Sequenom, Trivitron Healthcare and Verinata health. The competitors are using launch of novel products with technological advancements, acquisitions and mergers as the key strategies to foresee a lucrative growth in prenatal and newborn genetic testing market. For example, In March 2018, Natera declared a partnership with QIAGEN to develop cell-free DNA assays for QIAGEN's GeneReader NGS System. These DNA assays will be developed and designed for tests, including prenatal screening, for laboratories and hospitals globally.
Table of Content:
Chapter 1. Methodology
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definition and forecast parameters
1.2. Data sources
1.2.1. Secondary
1.2.2. Primary
Chapter 2. Executive Summary
2.1. Precision medicine industry 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Technology trends
2.1.3. Disease trends
2.1.4. End-use trends
2.1.5. Regional trends
Chapter 3. Prenatal and New-born Genetic Testing Market Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry impact forces
3.4. Growth potential analysis
3.5. Regulatory landscape
3.6. Porter's analysis
3.7. Competitive landscape, 2017
3.8. PESTEL analysis
Chapter 4. Prenatal and New-born Genetic Testing Market, By Technology
4.1. Global Prenatal & Newborn Genetic Testing Market share, by technology, 2017 & 2024
4.2. Screening
4.3. Diagnostic
Chapter 5. Prenatal and New-born Genetic Testing Market, By Disease
5.1. Global Prenatal & Newborn Genetic Testing Market share, by disease, 2017 & 2024
5.2. Downs Syndrome
5.2.1. Market estimates and forecast, by region, 2013 - 2024
5.3. Phenylketonuria
5.3.1. Market estimates and forecast, by region, 2013 - 2024
5.4. Cystic Fibrosis
5.4.1. Market estimates and forecast, by region, 2013 - 2024
5.5. Sickle Cell Anemia
5.5.1. Market estimates and forecast, by region, 2013 - 2024
5.6. Others
5.6.1. Market estimates and forecast, by region, 2013 - 2024
Chapter 6. Prenatal and New-born Genetic Testing Market, By End-use
6.1. Global Prenatal & Newborn Genetic Testing Market share, by end-use, 2017 & 2024
6.2. Hospitals
6.2.1. Market estimates and forecast, by region, 2013 - 2024
6.3. Maternity and Specialty Clinics
6.3.1. Market estimates and forecast, by region, 2013 - 2024
6.4. Diagnostic Centers
6.4.1. Market estimates and forecast, by region, 2013 - 2024
Chapter 6. Prenatal and New-born Genetic Testing Market, By Region
Chapter 7. Company Profiles
For More Details on this Report At: https://www.marketstudyreport.com/reports/prenatal-and-new-born-genetic-testing-market
Related Report:
Global Prenatal and New-born Genetic Testing Market Size, Status and Forecast 2025
This report studies the global Prenatal and New-born Genetic Testing market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Prenatal and New-born Genetic Testing market by companies, region, type and end-use industry.
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